Future Retail surges 4%; Kishore Biyani unveils digital strategy

 

Shares of Future Retail was higher by 4% at Rs.599 after the Future Group Chief Kishore Biyani unveiled his mega plan of INR 1.5 lakh crore opportunity by the year 2022.

Future Group chairman and chief executive Kishore Biyani has unveiled Retail 3.0, a digital strategy.

The new avatar will be called Tathastu.

The company plans to open 10,000 such stores by 2022. It will begin with 1,100 stores in FY18, Kishore Biyani said.

The stock has hit a high of Rs. 606 and a low of Rs. 578.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com